Quantifying The Surge In Post-Recession Rental Home Market

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Posted To: MND NewsWire

The U.S. Census Bureau released two housing market briefs on Tuesday, both the results of data collected from the American Community Survey. Rental Housing Market Condition Measures: A Comparison of US Metropolitan Areas, examines four characteristics of the rental housing stock using data collected by the survey in 2009 and 2011. Physical Characteristics of Housing looks at basic physical and structural characteristics of the total housing inventory on the national and metropolitan area levels using data from the same period. The four characteristics examined in the rental housing brief are gross rent, gross rent as a percentage of household income, rental vacancy rates, and renter share of total households. The survey found that the national vacancy rate declined from 8.4 percent in 2009...(read more)

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Source: http://www.mortgagenewsdaily.com/04162013_housing_characteristics.asp

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